Microlearning Course: Crypto Assets for Beginners
Duration: 3.5 hours
Price: R855.00
This course provides a comprehensive introduction to digital currencies, explaining the basics of Crypto assets and blockchain assets .Crypto assets are sure to shape the future of how we transact. SARS has taken a keen interest in enforcing compliance with taxation on crypto assets. Tax practitioners have no choice but to understand crypto assets and the taxation issues thereof.
We will unpack the pertinent estate planning considerations to ensure adequate planning for crypto assets, including crypto currencies, non-fungible tokens (NFTs), Kitties and several other forms of crypto assets. The webinar will also provide guidance and considerations for drafting the last will or testament.
Overview This module will unpack the pertinent estate planning considerations to ensure adequate planning for crypto assets, including crypto currencies, non-fungible tokens (NFTs), Kitties and several other forms of crypto assets. The webina r will also provide guidance and considerations for drafting the last will or testament. The following points will be unpacked How to deal with the crypto assets, not knowing the nature of the assets to be held on the date of death. May the executor gain or be granted access to blockchain and encrypted wallets? Exchange control, Tax Act, and other regulatory restrictions to consider. Competencies developed Able to understand the considerations for estate planning in the modern world. Knowledgeable about taxation of blockchain “assets,” crypto assets, and other modern assets. Able to advise clients on the exchange control considerations, i.e., acquiring, trading, and inheriting foreign assets including crypto assets, NFTs and Kitties.
Overview Cryptocurrencies have entered the mainstream in the past few years, attracting the attention of the South African Revenue Service (SARS). SARS actively started to audit cryptocurrency investors, demanding proof of transactions from variou s crypto investment platforms. The tax implications of cryptocurrency trading and investing remains a contentious issue, in part due to the complexity around crypto-related transactions, including: Hard forks (where one cryptocurrency splits into two separate ones). Airdrops (where a new cryptocurrency is sent to owners of an existing cryptocurrency). Staked rewards (where a cryptocurrency earns you a type of interest). Mining. It is essential for tax professionals to stay updated with the latest developments and the complexity around crypto-related transactions.
Overview Crypto assets are sure to shape the future of how we transact. SARS has taken a keen interest in enforcing compliance with taxation on crypto assets. Tax practitioners have no choice but to understand crypto assets and the taxation issues thereof. Video Content In this video, we will specifically discuss the following: What is a crypto asset? Why is cryptocurrency not a currency? What are SARS's views on crypto assets? What are the different income sources of crypto assets? How to deal with the crypto asset question in the context of income vs capital gain. When does a taxable event occur? Dealing with trading stock valuation. Ring-fencing of assessed losses. How to value crypto currency for calculations. What is the VAT consequences of dealing with crypto assets? How to complete crypto assets revenue and or capital gains/losses on the ITR12.
Overview This video will unpack the pertinent estate planning considerations to ensure adequate planning for crypto assets, including crypto currencies, non-fungible tokens (NFTs), Kitties and several other forms of crypto assets. The video will a lso provide guidance and considerations for drafting the last will or testament. Video Content FBI using Blockchain creators Luno – a South African situs asset? Crypto can be held in ZAR Digital Death Digital Divorce Crypto in accrual claims Basics – Tax Administration Act Basics – Income Tax Compliance Basics – Tax on death Estate Duty – Sold vs. transferred to legatee Estate Duty – Crypto Assets Take Home CGT: “Asset” excludes currency Estate Administration Act – Basics Estate Planning in the digital age Foreign Assets including Crypto What is a Codicil Gift Mortis Causa Donatio Mortis Causa (in SA)